In 2023, India dominated the global export market for textile fibre drawing or roving machines, valued at $5.13k, witnessing a significant year-on-year growth of 10.31%. The Netherlands followed, with exports valued at $3.98k. The United Kingdom experienced the most substantial growth, marking a 211.57% increase, while the Czech Republic and Russia faced declines of 17.08% and 14.33% respectively. Over the last five years, countries like Canada showed a promising Compound Annual Growth Rate (CAGR), indicating a potential future market Leader.
Looking ahead to 2024, key trends to monitor include:
- The continued market dominance of India and the rapid ascent of the United Kingdom as emerging players in the sector.
- Potential market contractions in countries experiencing consistent declines, such as Russia and Poland.
- The impact of technological advancements and sustainability trends shaping future machine efficiency and export dynamics.
Top countries in Export of Textile Fibre Drawing or Roving Machines by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 5,130 | 2023 | +5.14% | +10.31% | View data |
| 2 | 2 Netherlands | 3,980 | 2023 | +6.4% | +3.92% | View data |
| 3 | 3 United Kingdom | 1,470 | 2023 | -16.69% | +211.57% | View data |
| 4 | 4 Italy | 1,200 | 2023 | +2.57% | +2.02% | View data |
| 5 | 5 China | 983.8 | 2023 | +3% | +3.91% | View data |
| 6 | 6 Czech Republic | 410 | 2023 | -10.48% | -17.08% | View data |
| 7 | 7 South Korea | 72.82 | 2023 | +4.26% | +6.14% | View data |
| 8 | 8 Switzerland | 41 | 2023 | +2.5% | +1.53% | View data |
| 9 | 9 Pakistan | 21 | 2023 | 0% | +2.02% | View data |
| 10 | 10 Indonesia | 14 | 2023 | +4.52% | +0.88% | View data |
